Challenges and Opportunities for young Indian entrepreneurs feature in IIMB summit

Team Careers | 13th Aug, 2019 - 5:30 p.m. IST
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NEW DELHI, AUGUST 13: From skills required to work in an environment of EPIC (Exponential, Pervasive, Intelligent, Continuous) disruption to building a resume of deviations, young people who dream of becoming entrepreneurs got valuable insights from India’s top entrepreneurs at Eximius 2019, the entrepreneurship summit hosted by the students of IIM Bangalore from August 09-11.

Kris Gopalakrishnan, Chairman of Axilor Ventures and Co-Founder of Infosys, reflected on his own journey as an entrepreneur and said, “Entrepreneurship is the activity of setting business or businesses taking on financial risks in the hope of profit. The biggest drivers of transformation are technology and innovation.” He encouraged students to find a purpose in life and follow the principles of ‘Ikigai’ – the Japanese secret to a long and happy life that has transformed their outlook on life and business.

Avnish Sabharwal, MD, Accenture Ventures, shared insights on ‘B2B Deep Tech Start-up’ and explained: “This is the era of EPIC (Exponential, Pervasive, Intelligent, Continuous) disruption and Innovation is the only way to survive it. Start-ups are the harbingers of innovation in India. India has emerged a thriving innovation ecosystem powered by start-ups and enablers. B2B tech start-ups are expected to be the next big thing in India, riding on funding and growing innovation interests.”

Eximius, hosted by the Entrepreneurship and Innovation Cell of IIM Bangalore and NSRCEL, IIMB’s start-up hub, is amongst the most significant national entrepreneurship summits in India. This year’s theme was ‘Transcend the Ordinary’. The three-day national summit comprised events, workshops and speaker sessions. It also featured case competitions and workshops in entrepreneurship, finance, marketing, healthcare, analytics, and more.

Addressing students, Dr. Montek Singh Ahluwalia, Former Deputy Chairman of Planning Commission said, “We need plenty of ecosystems for entrepreneurship and start-ups to flourish. The finance ecosystem, like funds and venture capitals, must support it. The government should provide an ecosystem that is supportive of disruption for it will be a huge sign of success when a small organization disrupts a large organization.”

Sahil Barua, Co-Founder of Delhivery and an alumnus of IIMB, shared the story of how Delhivery, a B2B & C2C logistics service provider company, was born. “The world has changed largely because of the technology around us. Expose yourself to technology. Entrepreneurs should choose problems that are large and meaningful. You must have the ability to take responsibility for the entities that you create. Choose big problems and stick to them. Work with people who care and encourage you to do what you do,” he said.

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